$ALGO /USDT just took a sharp hit and the chart shows it clearly. Price is trading around 0.1215, down 6.68%, after a strong rejection near 0.1313. That rejection triggered a heavy sell-off, with one decisive bearish candle breaking structure and pushing ALGO straight into the 0.1210 demand zone.
So far, buyers are barely holding the 24h low at 0.1210, but the bounce lacks conviction. The market is consolidating weakly, showing lower highs and shallow recoveries — a sign that selling pressure still dominates. Volume remains active, which suggests this move is not random but driven by real momentum.
If 0.1210 fails to hold, the next downside extension could accelerate quickly. On the flip side, reclaiming 0.1250–0.1270 is critical before any meaningful recovery can be trusted. Right now, ALGO is sitting at a decision point, and the next few candles will decide whether this turns into a deeper breakdown or a defensive rebound.
ALGO
0.1219
-0.73%
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